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CUET Economics 2025 PYQs28 May Shift 2. Free, no login required.

Macro

past year questions, CUET Economics 2025 28 May Shift 2

Money & Banking

past year questions, Macro, CUET Economics 2025 28 May Shift 2

Easy

When is Demonetisation, a new initiative was taken by the Government of India?

Solution

✅ Correct Option: 1

Option 1: November 2016 -> The Government of India announced demonetization on November 8, 2016, when Prime Minister Narendra Modi declared that ₹500 and ₹1000 currency notes would cease to be legal tender from midnight. This was a major economic reform aimed at curbing black money, corruption, and counterfeit currency. The initiative required citizens to deposit old notes and exchange them for new ₹500 and ₹2000 notes. -> correct

Related questions:

2022: 15 July Shift 2

Identify which of the following measures taken by RBI will increase the money supply.

A. Increase in Cash Reserve Ratio

B. Decrease in Cash Reserve Ratio

C. Selling of a government bond

D. Buying of a government bond

E. Decrease in Bank Rate

Choose the correct answer from the options given below:

2025: 15 May Shift 1

Which of the following is not true about currency notes and coins?

2025: 13 May Shift 2

Match List-I with List-II

List-IList-II
(A) Net Worth(I) Currency + Deposits
(B) M₁(II) Reserves + Loans
(C) Assets(III) 1/ Cash Reserve Ratio
(D) Money Multiplier.(IV) Assets – Liabilities

Choose the correct answer from the options given below:

2025: 15 May Shift 1

M3 does not include which of the following?

2025: 21 May Shift 1

An economy is facing inflationary pressures and the central bank of the country has been asked to control the situation. Arrange the action and result in sequential order.

(A) Credit has become costlier and people stop borrowing.

(B) Increase in Repo rate by the central bank.

(C) Reduction in the money supply and aggregate demand falls.

(D) Increase in the market lending rate by commercial banks.

Choose the correct answer from the options given below:

2025: 3 June Shift 1

Kavish went to the supermarket with ₹5000 in his wallet to buy groceries for his family. He purchased vegetables, fruits and other household items, paying the respective prices at the counter. Which functions of money were being demonstrated in this real life scenario?

(A) Unit of Labour.

(B) Store of Value.

(C) Medium of Exchange.

(D) Measure of Creditworthiness.

Choose the correct answer from the options given below:

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CUET Economics Past Year Questions (Topic-Wise)